Barclaycard - PRA

freshstart2023

Hi, my Barclaycard defaulted a couple of months ago, when barclaycard sent confirmation of the default, they said they had sold it to PRA and provided their contact details. I haven’t heard anything since although had a notification today of an update to my credit report, I don’t take any notice of my credit score but the notification said it had improved as an account had been closed (Barclaycard). Is this just standard practice following a default? It’s my first one so just checking the usual process? Thanks so much in advance. 

born_again

As it has been sold on. As far as Barclaycard go the account is closed.

sparks_2023

Likely as not there will be a new entry from PRA for the defaulted account in due course.

PurpleMouse5

Mine was sold to PRA and it took a while for the new default to come through. I think I got a letter from PRA though fairly quickly giving me their details for how to pay them. 

DjangoUnchained

before you start paying pra, make sure you request the credit agreement from them. They never managed to obtain mine so ive never paid them a bean, six years have gone by so its now statute barred, saved myself £5k 

Sly72

DjangoUnchained said:

before you start paying pra, make sure you request the credit agreement from them. They never managed to obtain mine so ive never paid them a bean, six years have gone by so its now statute barred, saved myself £5k 

My card was taken out in 2010 and they provided the CCA, so i just logged online to my PRA account and set up a payment amount, min they will accept is £5 a month no questions asked.

stu12345_2

Sly72 said:

DjangoUnchained said:

before you start paying pra, make sure you request the credit agreement from them. They never managed to obtain mine so ive never paid them a bean, six years have gone by so its now statute barred, saved myself £5k 

My card was taken out in 2010 and they provided the CCA, so i just logged online to my PRA account and set up a payment amount, min they will accept is £5 a month no questions asked.

my card was taken out in 2010 as well, they only produced the CCA but failed to provide historic statements. they said it is now unenforceable because of that.
 did you get both? as by law of the consumer credit act they have to provide both.
see my post about link financial failing on that reason 

Sly72

stu12345_2 said:

Sly72 said:

DjangoUnchained said:

before you start paying pra, make sure you request the credit agreement from them. They never managed to obtain mine so ive never paid them a bean, six years have gone by so its now statute barred, saved myself £5k 

My card was taken out in 2010 and they provided the CCA, so i just logged online to my PRA account and set up a payment amount, min they will accept is £5 a month no questions asked.

my card was taken out in 2010 as well, they only produced the CCA but failed to provide historic statements. they said it is now unenforceable because of that.
 did you get both? as by law of the consumer credit act they have to provide both.
see my post about link financial failing on that reason 

Are they suposed to "provide historic statements" going back to when the account was opened? Under the act if they dont suplly all is it unenforceable?

As I now need to check over xmas any advise from others would be helpful.

stu12345_2

Section 77 Duty to give information to debtor under fixed-sum credit agreement.

"(1)The creditor under a regulated agreement for fixed-sum credit, within the prescribed period after receiving a request in writing to that effect from the debtor and payment of a fee of [£1], shall give the debtor a copy of the executed agreement (if any) and of any other document referred to in it, together with a statement signed by or on behalf of the creditor showing, according to the information to which it is practicable for him to refer"

"(4)If the creditor under an agreement fails to comply with subsection (1)—

(a)he is not entitled, while the default continues, to enforce the agreement"

Section 77, sub section (1) states as above and includes this sentence -

"together with a statement signed by or on behalf of the creditor"

The penalty for non compliance with subsection (1) is laid out in subsection (4) above.

So I would take that to mean without a statement, they have not complied with subsection (1) which means subsection (4) will still apply.


a reply I got from an ambassador on my post about link financial being in the wrong for only sending me a cca and not a cca and statement and so they  defaulted on my request as part of section 77 , my right to get a copy of my CCA and statement of my account.


link have been informed of their error and have up to this point in time said they will try to provide a statement, until that is made so, they are getting no payments and they acknowledge my rights.

where as PRA admit they can only provide the CCA and have thus placed my debt as unenforceable until if and when they ever provide a  statement.

freshstart2023

Thankyou so much for all your helpful replies. My account wasn’t opened until 2012 with Barclaycard. It defaulted Oct 2023. Haven’t heard anything from PRA yet but I’m sure I will do…

stu12345_2

mines was sold within weeks of defaulting to PRA, sadly I then gave them £thousands back via a DMP via stepchange before I wrote CCA and statement request letters in October. and also started my own self managed dmp and left stepchange

it was only then I found out that they couldn't produce any statements despite providing a CCA. and wrote my debt is unenforceable because of this

even if they do find statements at some point in the future, they have frozen my account and are not expecting any money until they do find it, hopefully they never find it and in the meantime it gives me more time to boost my emergency fund, as I'm making no payments to PRA


my wife is in the same predicament, but she has not had any proof of anything from PRA about her 12 yr old Barclaycard account, and that was 2 months ago